Economy of the European Union

Cyprus happy with EU’s fiscal plan

The joint statement on the orientation of the eurozone's fiscal policy for 2025 satisfies Cyprus as it validates the cautious and conservative fiscal policy that Cyprus has followed so far, Minister of Finance Makis Keravnos said on Monday in Brussels, where he was attending the meeting of the Eurogroup.

Industrial production rises 1.1 percent in January

Industrial production increased by 1.1 percent in January from a year ago, according to the numbers of the Turkish Statistical Institute (TÜİK).

Mining and quarrying production rose by 4.9 percent, while the annual increase in the electricity, gas, steam and air conditioning supply was 8.4 percent, TÜİK said on March 12.

Bulgaria's Path to Eurozone Membership: No Reliance on Exceptions

In a significant step towards Eurozone integration, Bulgaria asserts its readiness to join the currency union without relying on exceptions, according to statements made by officials in Brussels. Petar Chobanov, Deputy Governor of the Bulgarian National Bank, emphasized Bulgaria's commitment to meeting the criteria for Eurozone membership during a conference organized by MEP Emil Radev.

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